Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we look at the latest huge pump in US equities that has yielded to a significant dump overnight as US long treasury yields are poking at the highs for the cycle again. Also on the agenda - contrasting Volkswagen's rising star with Tesla's recent plunge, the euro and the ECB's dilemma with its PEPP programme, thoughts on credit and especially on why next week could prove a very volatile one, with the FOMC meeting and BoJ meeting and policy review on tap as US stimulus checks begin hitting the street - and the equity market as well. Today's call was with Althea Spinozzi on fixed income, Peter Garnry on equities, and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
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